NYMBUS Acquires Sharp BancSystems, Inc.

Acquisition Represents Most Significant Transaction for Dominant
Player in API Core Space

June 22, 2016 12:20 PM Eastern Daylight Time

MIAMI--(EON: Enhanced Online News)--NYMBUS,
the world's first complete, full-stack, API-driven core processing
platform, announced today the acquisition of Sharp BancSystems, Inc.
(SBS), a Texas-based software provider founded in 1987. The transaction
is the most significant for Nymbus to date, as it continues growing
rapidly in expanding its capabilities, geographic footprint and client
base nationwide. The company now owns $200 million of intellectual
property, running software that has been tried and tested in
publicly-traded financial institutions.

“SBS is a true pioneer in the industry, running a best-in-class
organization with nearly three-decades of success”

“SBS is a true pioneer in the industry, running a best-in-class
organization with nearly three-decades of success,” said Alex Lopatine,
Founder. “For that reason we’re thrilled to welcome them to the growing
NYMBUS family, and fortify our position as the true leader in this new
generation of core processing.”

For many years, SBS offered clients the most comprehensive integrated
banking software solution available in the marketplace at extremely
competitive pricing. The company provided client banks with a one-stop
vendor for all their IT related needs, including all in-house functions
such as Core, Item Processing, Online/Mobile, ATM/Debit Card Processing,
Loan & Deposit Account Origination.

However, SBS management identified the need to rewrite and replace the
back-end core system with something more nimble in 2014. When it became
apparent that significant capital was required, a partnership strategy
became an attractive option. In mid-2015 SBS and NYMBUS identified each
other’s synergies, began discussions and closed the deal in early 2016.

“We’ve always put the customer first, and this partnership will render
incredible results for our trusted clients. The functionality that
allowed banks to be on the top performing list for all these years is
being developed in the NYMBUS core today,” said Scott Sharp, Chief
Operating Officer of Nymbus and formerly CEO and shareholder of SBS.

“There are inherent efficiencies built into the single stack application
approach with a modern user experience, and there won’t be anything that
can touch us in side-by-side comparisons in the very near future,” added
Sharp.

“SBS brings unparalleled banking knowledge and NYMBUS had a platform for
rapid application development. This is a perfect partnership in that
each party has benefited and, most importantly, so will our valued
clients,” added Scott Killoh, Chairman of the Board of NYMBUS.

For more information on how NYMBUS -- together with its partners -- is
revolutionizing the community banking industry, visit www.nymbus.com.

ABOUT NYMBUS

NYMBUS
provides the most modern and advanced core processing platform built to
date. The NYMBUS solution is a secure, cloud-based, full-stack product
that includes all of the mission-critical functions financial
institutions need to build their businesses. NYMBUS' revolutionary
platform enables financial institutions to effectively respond to
today's digital revolution. NYMBUS provides financial institutions a
holistic, pre-integrated solution that includes an entire core platform
with all digital channels and payments to service their members.